Common use of BASIC HIRE Clause in Contracts

BASIC HIRE. The Charterers shall pay for the use of the vessel in accordance with the terms of this charter party a daily rate in US Dollars ($) (the "Basic Hire"), which shall be payable monthly in advance, as per the following schedule: Year Basic Hire 1 $17,400 2 $17,688 3 $17,989 2 4 $18,306 5 $18,639 Option year 1 $18,989 Option year 2 $19,356 Option year 3 $19,741 48 ADDITIONAL HIRE

BASIC HIRE. The Charterers shall pay for the use of the vessel in accordance with the terms of this charter party a daily rate in US Dollars ($) (the "Basic Hire"), which shall be payable monthly in advance, as per the following schedule: Year Basic Hire 1 $17,400 15,500 2 $17,688 15,765 3 $17,989 16,043 2 4 $18,306 16,335 5 $18,639 16,642 Option year 1 $18,989 16,964 Option year 2 $19,356 17,303 Option year 3 $19,741 17,658 48 ADDITIONAL HIRE

BASIC HIRE. The Charterers shall pay for the use of the vessel in accordance with the terms of this charter party a daily rate in US Dollars ($) (the "Basic Hire"), which shall be payable monthly in advance, as per the following schedule: Year Basic Hire 1 $17,400 35,700 2 $17,688 36,075 3 $17,989 36,469 2 4 $18,306 36,882 5 $18,639 37,316 Option year 1 $18,989 37,772 Option year 2 $19,356 38,251 Option year 3 $19,741 38,753 48 ADDITIONAL HIRE